One in five people running a side hustle generate more than £1,000 a month, new research reveals.
The study by Adobe Express found that 20% of those running an entrepreneurial venture alongside other work make that amount, with 73% making up to £500 monthly.
Money making side hustles
The most financially rewarding sector for side hustles was information technology, where 24% are earning over £1,000.
This is followed by engineering and manufacturing ventures (20%), and science and pharmaceutical side hustles with 14% of founders generating a monthly income of £1,000.
The least lucrative sector for side hustles is teacher training and education, with 54% earning under £100 per month.
When it comes to the amount of time part-time entrepreneurs spend running their side hustle, 72% said they dedicate up to 10 hours per week, and 18% work on it for 20 hours or more.
More than three fifths reported that their side hustle is a success so far, but key challenges include balancing the side hustle with their main job (39%), and tackling administrative tasks and paperwork (27%)
On marketing, 35% said social media has been the best way to promote the brand, while 18% highlighted networking with other entrepreneurs as helping grow their project.